Strategic Staffing: The Power of Contract Hiring in 2024
As we step into 2024, businesses are evolving their hiring strategies, and we can’t help but notice the shift toward the contract hiring approach. Due to the ever-evolving market, companies are increasingly recognizing the benefits that contract hiring offers. In this blog, we’ll explore why businesses are moving to a focus on contract hiring, and how it’s becoming a hot talent acquisition strategy in the year ahead!
Flexibility
Adaptability is important when it comes to business operations. With the market being unpredictable, you never know when there will be a sudden increase in workload. This is where contract hiring can become your secret weapon. When you have a surge of projects, contracting gives you the ability to assemble a team quickly and disband it just as fast when business reaches a quieter period. Contract hiring offers the flexibility of adjusting your workforce based on project needs that traditional hiring methods just can’t match. This is a key component to why businesses are moving to this approach in the year ahead.
Additionally, Extension offers contract-to-hire services that allow businesses to engage with a candidate during a trial period while assessing their skills, cultural fit, and overall contribution before making a decision to hire them permanently. This versatile approach is great for businesses because it helps them make well-informed decisions and ensures that their future team members will be a good fit.
Cost-Effectiveness
Did you know that open roles can cost your business upwards of $25,000 per month? According to
Staffing Industry Analysts, the loss of output from one open role can cause your business to lose out on a lot of profit. Contract hiring is a quick solution that allows your positions to be filled fast, while also avoiding overhead costs and the long-term benefit commitments associated with full-time employees.
Here at Extension, we’re all about maximizing the value for our clients. We offer health insurance and 401K benefits to our assigned employees, meaning you get more bang for your buck! Not only does this make your positions more appealing to candidates, but your company doesn’t have to provide the hefty cost of coverage.
Specialized Skills on Demand
Another reason businesses are finding that contract hiring is a hot staffing solution is because of the ability to hire specialized talent exactly when they need it. Every business project is unique, and some might require skills that your full-time staff doesn’t have. Without the long-term commitment, contract hiring allows you to hire professionals with specific skillsets and experience that will meet your project needs.
By working with Extension, you gain access to a talent pool of over 165,000 candidates with niche expertise in many areas like technology, administration, engineering, accounting and finance, and so much more.
Faster Recruitment Process
In the race for talent in 2024, contract hiring is a strategy that will boost your business ahead through the quick, streamlined recruitment process. Extension will take care of the initial screening and introductions, which allows you to shorten your interview process. We can also tailor the background screen to fit your individual needs.
Additionally, staffing agencies have expertise in pre-screening candidates, managing contract details, and working under tight deadlines to match your business's needs. With Extension’s expansive stack of technologies, we are able to find and screen top talent faster than ever before.
Extension Can Help
With the unknown market changes ahead in 2024, the key takeaway is that the contract hiring method is a strategic force for businesses. Whether it’s for adapting your team due to project demands, optimizing costs, accessing specialized talent, or expediting the recruitment process, contract hiring has been proven to be a solid approach to staying competitive in the modern business landscape.
If you are ready to elevate your hiring game in 2024, reach out to Extension! We are here to serve as an extension of your business and help you build your dream team. Whether you are looking for contract, contract-to-hire, or direct-hire solutions in the areas of Professional Administration, Engineering, Operations, & Manufacturing, Accounting & Finance, or Technology, we’ve got you covered! Our team at Extension is dedicated to creating personalized solutions for you so that you can succeed in the year ahead! To get started, send us an email at
team@extensionrecruiting.com or call us at 414-727-1715.